Swiss Life Asset Management Ltd Raises Holdings in The Clorox Company $CLX

Swiss Life Asset Management Ltd lifted its position in The Clorox Company (NYSE:CLX) by 221.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 86,426 shares of the company’s stock after acquiring an additional 59,533 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Clorox were worth $10,656,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Center for Financial Planning Inc. bought a new position in Clorox during the third quarter valued at approximately $25,000. Vermillion & White Wealth Management Group LLC bought a new stake in Clorox in the 3rd quarter worth approximately $25,000. Total Investment Management Inc. purchased a new stake in shares of Clorox during the 2nd quarter worth approximately $25,000. True Wealth Design LLC raised its holdings in shares of Clorox by 1,020.0% during the 3rd quarter. True Wealth Design LLC now owns 224 shares of the company’s stock worth $28,000 after acquiring an additional 204 shares in the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of Clorox during the 3rd quarter valued at approximately $29,000. 78.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CLX shares. Zacks Research raised shares of Clorox from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. Weiss Ratings upgraded shares of Clorox from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. TD Cowen lifted their price objective on shares of Clorox from $108.00 to $111.00 and gave the stock a “hold” rating in a research note on Wednesday, February 4th. Citigroup boosted their target price on shares of Clorox from $109.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. upped their target price on shares of Clorox from $114.00 to $117.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $118.73.

Clorox Stock Down 0.4%

Shares of NYSE:CLX opened at $106.24 on Friday. The firm has a market capitalization of $12.85 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 0.53 and a beta of 0.59. The business has a 50 day simple moving average of $116.26 and a two-hundred day simple moving average of $113.04. The Clorox Company has a 1 year low of $96.66 and a 1 year high of $150.84. The company has a debt-to-equity ratio of 71.03, a current ratio of 0.74 and a quick ratio of 0.48.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.04). Clorox had a return on equity of 383.01% and a net margin of 11.17%.The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. The company’s quarterly revenue was down .8% compared to the same quarter last year. On average, equities analysts predict that The Clorox Company will post 7.15 EPS for the current year.

Clorox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Wednesday, April 22nd will be paid a $1.24 dividend. The ex-dividend date is Wednesday, April 22nd. This represents a $4.96 dividend on an annualized basis and a yield of 4.7%. Clorox’s dividend payout ratio (DPR) is presently 81.05%.

Clorox Company Profile

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.